Bulgaria
- Now Available!! 100% non status mortgages
 AJ
Property Europe Ltd is a British Overseas Property Agency
working exclusively with one Bulgaria Property Developer
and together are bringing an opportunity for potential investors
to establish an Overseas Property Portfolio without putting
down a cash deposit. This is a very unique offer which is
previously unheard of in Bulgaria and is certain to claim
the lion's share of the market. This Developer is building
2/3 and 4 bedroom 2 bathroom detached houses all with garage
and landscaped gardens in and around Sofia for the strong
corporate buy-to-let market. They intend to build a minimum
of 500 properties throughout 2006 to fill demand and up
to 1500 for 2007/8. The properties will be finished to a
European standard of wood flooring, plastered white walls,
spotlights, Ikea type furnishings, air conditioning / reverse
cycle heating. The properties will be of traditional concrete
shell construction and all new build. They are to be built
in the suburbs of Sofia and a mini coach service is provided
to the centre of the town and back.
Properties will be located in a secure gated community
with 24/7 manned security. There will be a fully featured
health and leisure club, on site shops, some with children's
playground and leisure area, riverside walk and fishing.
The Developers intend to provide investors with a new build,
managed 'turnkey' property as all houses will be fully furnished
and fitted to a high specification.
AJ Property Europe on behalf of the Developers is
proud to offer its clients the following benefits:
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They are the only Developer
that can provide an option of 100% non status buy-to-let
funding with absolutely NO DEPOSIT. (All you pay
are the normal registration and legal costs/taxes)
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All properties will be
let on completion to waiting corporate tenants on a
12 month renewable contract.
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The rental will cover
the mortgage with a yield of 10% so the investor will
make a rental income as well as the expected capital
growth. (Approx 25%+)
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At current valuations houses are priced from £78,000
(Є116,220).
 All
properties will be offered at market value (confirmed by
a valuer for mortgage lending purposes)
Other methods of payment are also available, including
cash purchase off plan with discount and price fix or deposit
with mortgage also with discount and price fix.
This really is the best investment opportunity in Europe
and it means that people without large amounts of capital
for the deposit could now afford to get on to the property investment ladder in an emerging market.
There is a very large demand for houses to rent by corporate
clients who are engaging in business in preparation for
the entry of Bulgaria to the EU (2007) and after. At present
there are not enough suitable standard rental houses available.
Some of the Companies who have set up their offices in Sofia
are:
GE Capital, Ernst & Young, TNT, Ericsson, Pricewaterhouse
Coopers, Group 4, Carlsberg, Johnson & Johnson, Fuji
Films, Minolta, Philips, Sony, Porche, BMW, Mitsubishi and
Pickfords to name but a few. Full list can be found at
www.businesspark-sofia.com but there are over 150 in
total and growing.
Some would ask how the 100% funding is achieved without
any deposit. Well the answer is simple. The Banks in Bulgaria
will only lend to a maximum of 70% (this is the norm for
everyone, Developer and Agent alike) This Developer now
offers the remaining 30% from a private trust at the same
rate of interest as the Bank offers which is currently 7%
(but set to go down as they enter EU) and tracks that interest
throughout the term of the mortgage, which is 15 years.
This means that the only financial outlay for potential
investors is the standard charges that are applicable to
every property purchase in Bulgaria.
PLEASE NOTE! – This no deposit offer is limited
and although represents a clear incentive to the investor,
will not be sustained throughout the whole of the project
which will see approximately 4,000 houses being built on
several developments. Serious investors are therefore advised
to take advantage as soon as possible. (1st phase of 1st
development at Vladaya sold out in just six weeks)
With AJ Property Europe, in addition to the NO
DEPOSIT there are no Agent's fees to pay indeed the
only sum payable to them is a one off payment of £5000
which is to cover the cost of a Bulgarian Limited Company
formation (A necessary requirement for foreign nationals
buying a house on land) and all the relevant registration
and legal costs and is irrespective of the price or size
of your chosen property.
Finally after your Bulgarian Company is formed you will
receive the minimum capital requirement sum of £1800
back to your account, meaning the amount of financial outlay
to buy a house of any price with a tenant covering the rent,
would be just £3200. Amazing!!
AJ Property Europe offer a no risk opportunity as
you are not obliged to complete the purchase of any property
until they allocate a tenant to that property.
They offer a buy-to-let product where demand is clearly
greater than the supply, for very little financial outlay,
easy exit route through current investors
and the local market which is very strong and very
big capital gains. The secret to all investment, No risk
– Big gain.
Why Bulgaria?
International investors are now better informed and
more demanding, looking for quality properties in a growing
market. Bulgaria is that market and today is one of the
hottest investment spots in Europe. Accession to the EU
is set for January 2007 and investment continues to be strong.
The Bulgarian Government has invested 20 million euros in
the infrastructure and millions of euros have also poured
in from the EU. This investment has stimulated the tourist
sector and had a hugely positive effect on the Bulgarian
economy, contributing greatly to property price rises. The
USA is showing a lot of interest in the country with a new
Embassy, schools, housing urbanisations and there is even
talk of an air base. Experts believe that the current annual
growth of 25%+ can be sustained and even improved, which
makes property investment in Bulgaria extremely attractive.
The capital Sofia is particularly favourable to buy-to-let
investors as it offers guaranteed all year round rentals
from the corporate market with tenants in abundance and
offering very good rental yields. With regard to Property
Investment there is only one way this market is going and
that's UP!
"Bulgaria offers the
same investment potential as Spanish resorts of 20 years
ago"
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